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Richemont’s Jewelry Sales Up 7% in Q1It marks the third consecutive quarter of growth for Cartier, Van Cleef & Arpels, Buccellati, and Vhernier.
SurveysFeb 13, 2017
What You Might Have Missed: Store Closures, Tiffany CEO Leaves
The Jewelers Board of Trade released its full-year data for business closings last year while Tiffany announced that its CEO is out.
The story about Tiffany CEO Frederic Cumenal, pictured here, stepping down from the position was one of the most-read stories on National Jeweler last week.
New York--The Jewelers Board of Trade’s full-year numbers for business closings in 2016 and the announcement that Tiffany’s CEO was exiting amid lagging sales were the two most popular stories on National Jeweler last week. 
1. 1,564 Jewelry Businesses Ceased Operations in 2016
The figure from the Jewelers Board of Trade includes the U.S. and Canada and represents a 64 percent increase over the prior year.
2. Tiffany CEO Frederic Cumenal Is Out
He stepped down, effective immediately, with former CEO Michael Kowalski serving as interim CEO while the jeweler searches for a replacement.
3. Pandora Cut No. of Multi-Branded Retailers by 32% in 2016
In the Americas, the network shrunk by more than 50 percent, including 200 Jared stores that were converted into shop-in-shops.
4. The Malaise of Macy’s
One of Macy’s biggest problems has been its inability to convert Kaufmann’s shoppers, Editor-in-Chief (and Western Pennsylvania native) Michelle Graff wrote.
5. Live from Tucson: 9 Gemstone Market Updates
Gemworld International’s Richard Drucker tackled trends, memo and grading reports for colored gemstones in a seminar at the recently concluded AGTA GemFair.
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